State of New Jersey Common Pension Fund D Has $2.09 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

State of New Jersey Common Pension Fund D cut its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 32.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,525 shares of the aerospace company’s stock after selling 30,413 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of Spirit AeroSystems worth $2,088,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Seven Eight Capital LP bought a new stake in Spirit AeroSystems during the 4th quarter worth about $5,694,000. Vanguard Group Inc. grew its stake in shares of Spirit AeroSystems by 1.0% during the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after purchasing an additional 109,632 shares during the last quarter. Norges Bank bought a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $62,432,000. Boulder Hill Capital Management LP acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $791,000. Finally, Allspring Global Investments Holdings LLC raised its position in Spirit AeroSystems by 148.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 724 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Up 0.9 %

Shares of NYSE SPR opened at $33.10 on Friday. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.65 and a twelve month high of $37.08. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of -3.81 and a beta of 1.85. The company’s fifty day moving average is $34.46 and its 200-day moving average is $33.26.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the company posted ($1.46) EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -4.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SPR shares. UBS Group increased their price objective on Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Sanford C. Bernstein reiterated a “market perform” rating on shares of Spirit AeroSystems in a report on Monday, July 8th. Truist Financial boosted their price objective on Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Saturday. They issued a “sell” rating on the stock. Finally, Baird R W cut shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.38.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.